What is Stellar Memo

Memo is a unique numerical code generated together with the XLM deposit address. This is an extra piece of information that helps determine to what account a given transaction should be assigned and credited.

Note: Please include Memo with every Stellar transaction. Otherwise, it might lead to permanent loss of your funds. If you have already made a transfer without or incorrect Memo, please immediately contact our support team at support@coinloan.io.

How to deposit XLM

Web platform

  1. Log in to your CoinLoan account or sign up if you have none.

  2. Go to Wallet > XLM > Deposit.

  3. You will see all your deposit details (QR code, address, and Memo) to copy and paste them.

Depositing XLM — Web platform

Mobile app

  1. Open the CoinLoan mobile app on your Android or iOS device.

  2. Go to the Wallet module.

  3. Choose XLM and tap the Deposit button.

  4. You will see all your deposit details (QR code, address, and Memo) to copy and paste them.

Depositing XLM — Mobile app

How to withdraw XLM

Web platform

  1. Log in to your CoinLoan account.

  2. Go to Wallet > XLM > Withdraw.

  3. Enter all the required details: amount, recipient’s address, and Memo. The address and Memo are generated in the wallet you send your assets to.

    Withdrawing XLM — Web platform

Mobile app

  1. Open the CoinLoan mobile app on your Android or iOS device.

  2. Go to the Wallet module.

  3. Choose XLM and tap the Withdraw button.

  4. Enter all the required details: amount, recipient’s address, and Memo. The address and Memo are generated in the wallet you send your assets to.

    Withdrawing XLM — Mobile app

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